The European Union has reportedly settled with Apple over its use of near-field communication system (NFC) to allow access for third-party payment platforms. According to The Financial Times, Apple will give access for the next ten years but only on devices in the 27 member countries, and in return, the European Union will not fine the tech company. The tap-to-pay function with NFC has been limited to Apple Pay so far and will remain so in all other markets. Three sources told The Times that the EU has been testing the new measures, but the report does raise a valid point that the...
Read More.......